Icelandair agreed to buy local rival WOW Air Nov. 5 in a move that could end a battle for dominance at both carriers’ Keflavik home base. The airlines will maintain their brands and operate as separate entities following different models, according to the takeover agreement. The combined group will control more than 80% of the capacity offered at Keflavik Airport, but only 3.8% of transatlantic capacity. “There are many opportunities for synergies with the ...

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